Dakota Gold (NYSE:DC) Research Coverage Started at Scotiabank

Scotiabank assumed coverage on shares of Dakota Gold (NYSE:DC) in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm issued a sector outperform rating and a $10.00 target price on the stock.

A number of other equities analysts have also weighed in on the stock. HC Wainwright assumed coverage on shares of Dakota Gold in a research report on Monday, January 5th. They set a “buy” rating and a $9.75 target price for the company. Zacks Research raised shares of Dakota Gold to a “hold” rating in a report on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Dakota Gold currently has a consensus rating of “Moderate Buy” and an average price target of $10.19.

Dakota Gold Trading Up 3.2%

NYSE DC opened at $6.76 on Monday. Dakota Gold has a 12 month low of $2.40 and a 12 month high of $7.25. The stock has a market cap of $785.23 million, a PE ratio of -16.49 and a beta of 1.08. The stock’s 50 day moving average is $6.10 and its 200 day moving average is $5.07.

Insider Transactions at Dakota Gold

In other news, CEO Robert Quartermain sold 250,000 shares of the company’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $6.88, for a total transaction of $1,720,000.00. Following the sale, the chief executive officer directly owned 7,493,244 shares in the company, valued at approximately $51,553,518.72. This represents a 3.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shawn Campbell sold 55,000 shares of Dakota Gold stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $6.30, for a total value of $346,500.00. Following the completion of the transaction, the chief financial officer owned 179,491 shares of the company’s stock, valued at approximately $1,130,793.30. This represents a 23.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 26.02% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its holdings in shares of Dakota Gold by 109.8% in the second quarter. Nisa Investment Advisors LLC now owns 7,070 shares of the company’s stock worth $26,000 after buying an additional 3,700 shares during the period. Steward Partners Investment Advisory LLC grew its position in Dakota Gold by 105.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,203 shares of the company’s stock valued at $41,000 after acquiring an additional 3,703 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Dakota Gold by 120.5% in the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock worth $31,000 after purchasing an additional 4,541 shares during the period. Ameritas Investment Partners Inc. lifted its position in shares of Dakota Gold by 130.7% during the second quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company’s stock worth $32,000 after purchasing an additional 4,978 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Dakota Gold during the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 37.41% of the company’s stock.

Dakota Gold Company Profile

Dakota Gold Corp (NYSE:DC) is a mineral exploration and development company focused on advancing gold projects within the United States. The company’s primary asset is the historic Homestake District in South Dakota’s Black Hills, where it seeks to redevelop gold-bearing tailings and low‐grade ore volumes for open‐pit heap leach processing. Dakota Gold pursues a staged approach, combining exploration, resource delineation and economic studies to unlock value from legacy mine materials.

The firm’s flagship property comprises sealed tailings impoundments and adjacent low‐grade stockpiles left over from the Homestake Gold Mine, which operated from 1876 until 2002.